U.S. markets open in 4 hours 21 minutes
  • S&P Futures

    3,839.50
    -9.00 (-0.23%)
     
  • Dow Futures

    30,836.00
    -32.00 (-0.10%)
     
  • Nasdaq Futures

    13,430.50
    -45.00 (-0.33%)
     
  • Russell 2000 Futures

    2,156.50
    -4.50 (-0.21%)
     
  • Crude Oil

    53.01
    +0.24 (+0.45%)
     
  • Gold

    1,851.90
    -3.30 (-0.18%)
     
  • Silver

    25.44
    -0.04 (-0.15%)
     
  • EUR/USD

    1.2129
    -0.0016 (-0.13%)
     
  • 10-Yr Bond

    1.0400
    0.0000 (0.00%)
     
  • Vix

    23.66
    +1.75 (+7.99%)
     
  • GBP/USD

    1.3649
    -0.0027 (-0.20%)
     
  • USD/JPY

    103.7900
    +0.0340 (+0.03%)
     
  • BTC-USD

    32,073.54
    -294.75 (-0.91%)
     
  • CMC Crypto 200

    646.74
    -0.58 (-0.09%)
     
  • FTSE 100

    6,679.30
    +40.45 (+0.61%)
     
  • Nikkei 225

    28,546.18
    -276.11 (-0.96%)
     

Earnings Review and Free Research Report: Tuniu’s Adjusted Net Revenue Increased 53.8%

Research Desk Line-up: Movado Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 7, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Tuniu Corp. (NASDAQ: TOUR), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=TOUR, following the Company's disclosure of its financial results on August 17, 2017, for the second quarter of the fiscal year 2017. The Company's adjusted gross profit increased 84.5% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Recreational Goods, Other industry. Pro-TD has currently selected Movado Group, Inc. (NYSE: MOV) for due-diligence and potential coverage as the Company announced on August 29, 2017, its financial results for Q2 which ended on July 31, 2017. Register for a free membership today, and be among the early birds that get access to our report on Movado when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on TOUR; also brushing on MOV. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=TOUR

http://protraderdaily.com/optin/?symbol=MOV

Earnings Reviewed

For the three months ended June 30, 2017, Tuniu's net revenue decreased 81.1% to ¥460.09 million from ¥2.43 billion in Q2 FY16. During Q2 FY17, the Company's adjusted net revenue increased 53.8% to ¥460.09 million on a y-o-y basis from ¥299.10 million in the same quarter of last year.

During Q2 FY17, Tuniu's Packaged Tours segment's adjusted revenue increased 57.7% to ¥339.30 million from ¥215.11 million in the same period of last year. For the reported quarter, the Company's Others segment's adjusted revenue increased 31.7% to ¥120.78 million from ¥87.75 million in Q2 FY16.

For the reported quarter, Tuniu's gross profit increased 87.6% to ¥240.56 million from ¥128.25 million in Q2 FY16. During Q2 FY17, the Company's adjusted gross profit increased 84.5% to ¥240.56 million from ¥130.42 million in Q2 FY16. The increase was due to improved economies of scale; increased operational efficiency; and optimized supply chain management.

During Q2 FY17, Tuniu's S&M expenses decreased 64.3% to ¥221.89 million from ¥620.87 million in Q2 FY16. For the reported quarter, the Company's G&A expenses increased 17.4% to ¥166.10 million from ¥141.46 million in Q2 FY16. For the reported quarter, Tuniu's R&D expenses increased 3.8% to ¥146.60 million from ¥141.26 million in Q2 FY16. During Q2 FY17, the Company's R&D expenses were 31.9% of adjusted net revenue compared to 47.2% of adjusted net revenue in Q2 FY16.

For the reported quarter, the Company's operating expenses decreased 41.1% to ¥529.16 million from ¥898.14 million in Q2 FY16. During Q2 FY17, Tuniu's adjusted operating expenses decreased 44.1% to ¥471.22 million from ¥842.29 million in Q2 FY16.

During Q2 FY17, Tuniu's operating loss was ¥288.61 million compared to an operating loss of ¥769.89 million in Q2 FY16. For the reported quarter, the Company's adjusted operating loss was ¥230.37 million compared to an adjusted operating loss of ¥711.87 million in Q2 FY16.

During Q2 FY17, Tuniu's net loss was ¥270.63 million compared to net loss of ¥754.22 million in Q2 FY16. For the reported quarter, the Company's adjusted net loss was ¥212.39 million compared to adjusted net loss of ¥696.21 million in Q2 FY16. During Q2 FY17, Tuniu's diluted earnings per share (EPS) was negative ¥0.72 compared to negative ¥1.99 in Q2 FY16. For the reported quarter, the Company's adjusted diluted EPS was negative ¥0.57 compared to negative ¥1.84 in Q2 FY16.

Balance Sheet

As on June 30, 2017, Tuniu's cash and cash equivalents decreased 1.8% to ¥1.07 billion from ¥1.09 billion in Q2 FY16.

During Q2 FY17, the Company's net accounts receivable increased 40% to ¥329.85 million from ¥235.67 million in Q2 FY16.

For the reported quarter, Tuniu's accounts payable increased 14.7% to ¥1.17 billion from ¥1.02 billion in Q2 FY16.

Outlook

For Q3 FY17, Tuniu expects net revenue to be in the range of ¥761.5 million - ¥787.7 million.

Stock Performance

On Wednesday, September 06, 2017, Tuniu's stock closed the trading session at $7.51, marginally falling 0.40% from its previous closing price of $7.54. A total volume of 393.51 thousand shares were exchanged during the session, which was above the 3-month average volume of 179.48 thousand shares. The stock currently has a market cap of $927.94 million.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily